Common use of Letters of Credit Issued for Subsidiaries Clause in Contracts

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. 134956965_3

Appears in 1 contract

Samples: Credit Agreement (Quidel Corp /De/)

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Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiaryany Subsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. 134956965_3under

Appears in 1 contract

Samples: Credit Agreement (Directv Financing Co Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Company shall be obligated to reimburse the L/C Issuer applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. 134956965_3Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of Company, -83- 105376510

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Covanta Holding Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, of a Subsidiary, the applicable Borrower which requested the issuance of such Letter of Credit shall be obligated to reimburse the L/C Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit. 134956965_3.

Appears in 1 contract

Samples: Credit Agreement (Crane Co /De/)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiaryany Person other than the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. 134956965_3The Borrower hereby represents and warrants that the issuance of any Letters of Credit at the Borrower’s request for the account of any other Person will inure to the benefit of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower Borrowers shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. 134956965_3such

Appears in 1 contract

Samples: Credit Agreement (Brady Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. 134956965_381 US-DOCS\136335661.3

Appears in 1 contract

Samples: Credit Agreement (Tutor Perini Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse reimburse, indemnify and compensate the L/C Issuer hereunder for any and all drawings under such Letter of Credit. 134956965_3Lender 37

Appears in 1 contract

Samples: Credit Agreement (FIGS, Inc.)

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Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of a Loan Party, the Borrower shall be obligated to reimburse the L/C Issuer Issuing Lender hereunder for any and all drawings under such Letter of Credit. 134956965_3Credit issued hereunder by the Issuing

Appears in 1 contract

Samples: Credit Agreement (Abraxas Petroleum Corp)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of Credit. 134956965_3.

Appears in 1 contract

Samples: Credit Agreement (Neustar Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a SubsidiarySubsidiary of the Borrower, the Borrower shall be obligated to reimburse the L/C Issuer Issuing Bank hereunder for any and all drawings under such Letter of Credit. 134956965_353 130164155_5

Appears in 1 contract

Samples: Credit Agreement (Ebix Inc)

Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. 134956965_3under

Appears in 1 contract

Samples: Credit Agreement (Summit Materials, LLC)

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